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Rupee strong by 12 paise closes at Rs 46.47/USD

Written by: Staff
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Mumbai, Aug 9: The rupee today grew strong by 12 paise to close at Rs 46.47 per US dollar as compared to the previous close of Rs 46.59 per USD, said a trader in the money market.

The domestic currency earlier opened at Rs 46.60/62 per USD and in the mid-morning session traded at 46.52/53 per USD.

Reserve Bank of India today fixed the reference rate at Rs 46.53 per USD as compared to the previous rate of 46.59 per USD.

The six-month forward premia was fixed high at 1.25 per cent and the one-year forward premia was also fixed high at 1.28 per cent.

However, the rupee's performance against other currencies was not good. The rupee was down against Euro at Rs 59.83 (59.53), against Pound Sterling down at Rs 88.61 (88.60) and against Yen down at Rs 40.40 (40.34).

UNI

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